Bitumen vs Heavy Crude Oil

This post is in response to a seeking alpha article on the conversation of bitumen and heavy crude oil.  See Chris Termeer’s seeking alpha response and related article. The image below is from the book Fundamentals of Investing in Oil and Gas and is copyrighted by Chris Termeer.  All rights reserved.   Many people misunderstand Bitumen because it is found in nature along with being a...
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Cheaper Gasoline Prices Not Leading to Higher Spending

Current gasoline prices are cheaper this year, yet they are not leading to a huge increase in consumer spending according to a poll by Bankrate.com. Around 80 percent of the 1,000 individuals polled by Bankrate said that they have not increased their spending as a response to declining gasoline prices today. The prices at the pump continually increased for 34 consecutive days at the start of the...
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U.S. Gasoline Prices Posting Unusual Trends

The average price of gasoline in the U.S. gained 11 cents per gallon over the last two weeks. According to the recently released Lundberg Survey, the average gasoline prices today of regular gas, midgrade gas and premium gas are $3.66, $3.84 and $3.98 per gallon, respectively. The price of diesel remained the same, at $3.93 per gallon. Among the cities covered by the survey in the lower 48 U.S....
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Crude Surplus Keeps Oil Prices Low

A surplus of crude from new North American sources is keeping the current oil prices low, according to the recent report of the International Energy Agency. According to the agency, crude from Canada and conventional oil from other sources are transforming oil prices worldwide. The effect on the per barrel oil prices of those fresh sources will be as important over the coming five years as the...
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Oil Prices Fall Closer to $95

The current oil price declined to closer to $95 per barrel as investors weighed an increase in the trade data of China against anticipations of another rise in the crude supplies of the United States. On the New York Mercantile Exchange, the U.S. benchmark crude for delivery in June was lower by 17 cents to $95.45 per barrel. The contract shed 54 cents to end at a crude price per barrel of...
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Chariot Undeterred by Drilling Misses in Namibia

UK’s Chariot Oil and Gas Limited is still unable to strike commercially viable oil finds in Namibia despite years of exploration. But Larry Bottomley, CEO of Chariot, said that they are analyzing technical data from unproductive oil wells and are using these to help pinpoint possible productive fields worthy of oil exploration. About six years ago, explorers struck significant oil finds in...
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